SOLD
Sold on 13 Aug 2024 for $375,000

12/147-155 Mcleod Street
Cairns North QLD 4870

Bedrooms: 3
Bathrooms: 2
Car spaces: -
Floor area: 115m2
Land area: 120m2
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Inspire Real Estate Cairns
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Property Details for 12/147-155 Mcleod St, Cairns North

12/147-155 Mcleod St, Cairns North is a 3 bedroom, 2 bathroom Unit and was built in 1995. The property has a land size of 120m2 and floor size of 115m2. While the property is not currently for sale or for rent, it was last sold in August 2024. There are other 3 bedroom Unit sold in Cairns North in the last 12 months.

Building Type
Unit
Year Built
1995
Floor Size
115m2
Land Size
120m2
Local Government
Cairns Regional
Lot/Plan
12/BUP102613

Last Listing description (September 2024)

Introducing this freshly painted spacious and fully self-contained three-bedroom holiday let unit at Koala Court, a prime location in Cairns. Situated just moments away from the Cairns Hospital, Cairns International Airport, CBD, and the picturesque Cairns Esplanade, this property offers unparalleled convenience. Boasting a strong income potential from both tourist and corporate guests on short or long-term stays, this unit presents a lucrative investment opportunity, thanks to its rare three-bedroom layout.

The complex comprises only 20 apartments, nestled amidst lush tropical gardens that overlook the inviting pool area, creating a serene atmosphere for residents and guests alike.

Key features include:

- A well-appointed kitchen equipped with a dishwasher for added convenience.
- Three generously sized bedrooms, ensuring ample space for occupants.
- A spacious open-plan living and dining area, perfect for entertaining or relaxation.
- Security screens, air-conditioning, and tiled flooring throughout for comfort and peace of mind.
- A private patio overlooking the beautiful pool setting, ideal for outdoor dining or unwinding.
- Undercover car accommodation for residents' vehicles.
- Proximity to shops, schools, and transportation options, offering unmatched convenience.
- Professional onsite management providing friendly and excellent service.
- Offers flexibility, allowing owners to use it strictly as an investment or enjoy it as a home away from home during their own short-term stays.

Additionally, the property boasts an impressive net return of approx 10% from the on-site holiday letting, further enhancing its investment appeal.

Additional financial details:

Body Corporate fees: $8,887.50 per annum.
Council Rates: Approximately $2,500 per annum.

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Property History for 12/147-155 Mcleod St, Cairns North, QLD 4870

A timeline of how this property has performed in the market
Last Sold
$375,000
13 Aug 2024
  • 13 Aug 2024
    Sold for $375,000
  • 07 Mar 2024
    Listed for Sale Not Disclosed
  • 14 Feb 2023
    Sold for $348,000
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About Cairns North 4870

The size of Cairns North is approximately 2.9 square kilometres. It has 6 parks covering nearly 9.7% of total area. The population of Cairns North in 2011 was 4,444 people. By 2016 the population was 5,185 showing a population growth of 16.7% in the area during that time. The predominant age group in Cairns North is 20-29 years. Households in Cairns North are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Cairns North work in a professional occupation. In 2011, 29.8% of the homes in Cairns North were owner-occupied compared with 29.2% in 2016.

Cairns North has 3,944 properties. Over the last 5 years, Houses in Cairns North have seen a 36.51% increase in median value, while Units have seen a 62.05% increase. As at 31 October 2024:

  • The median value for Houses in Cairns North is $644,909 while the median value for Units is $392,455.
  • Houses have a median rent of $575 while Units have a median rent of $470.
There are currently 40 properties listed for sale, and 35 properties listed for rent in Cairns north on OnTheHouse. According to CoreLogic's data, 233 properties were sold in the past 12 months in Cairns north.

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